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https://i-invdn-com.investing.com/trkd-images/LYNXNPEK300HZ_L.jpgMoscow took control of Carlsberg’s stake in Baltika in July 2023 and placed it under “temporary management”, prompting Carlsberg Group CEO Jacob Aarup-Andersen to say its business had been stolen.
According to filings with a court in St Petersburg, Carlsberg Sverige, Carlsberg Deutschland, Carlsberg Breweries and Carlsberg’s Russian subsidiary Hoppy Union were all named as defendants.
The court filings did not specify what the damages were. Previous court sessions involving Baltika and Carlsberg have been closed to the public due to the presence of documents containing trade secrets.
Carlsberg and Baltika did not immediately respond to a request for comment.
Carlsberg has pledged to take all possible action to protect its employees, assets and operations in Russia following the July 2023 seizure.
Baltika and Carlsberg have been locked in a dispute over licensing. Carlsberg’s unit in Kazakhstan has filed an appeal with a Russian court after the Danish brewer was banned from selling the Baltika beer brand of its former Russian partner in some international markets.
The preliminary arbitration hearing is scheduled for May 15.
($1 = 6.9165 Danish crowns)
